On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. Mainfreight has international operations in the United States through CaroTrans International and most recently Mainfreight International businesses after the 2007 acquisition of Target Logistics, in Asia (nine branches in China, one each in Taiwan, Singapore and Hong Kong). The company is on track to go close to the $2 billion mark in its current financial year, Braid says, having already posted an almost $900 million revenue for the six months to September. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 | Business Changing Ltd. | Website by Casual Fridays. Today he chairs a group of telecommunication companies. Like most Kiwi business leaders, Braid is self-effacing and doesn't fancy talking to journalists about his life outside the company. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own. Once it became a global pandemic we needed to react and adapt as quickly as we could. George Adams, the departing MD, of Coca-Cola Amatil, won the Leader of the Year award at this weeks NZ Workplace Health & Safety Awards 2013. What do those customers look for from us? He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . Media enquiries As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Any enquiries, or to book a table, please emailNatalie Spratt, Auckland Branch Coordinator. Don: With this event in front of us right now, I think cash is king, and the collection of cash. Where do we need to be? I dont see this as a job, so therefore the stress levels arent as strong. Those are the real world indicators of whether youve got morale correct or not or whether youve got some issues going on you need to address. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. It is totally how I believe a company should be and I love how everyone starts at the bottom. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. 11/5/2022 3:33 PM. Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys High School and has over 30 years experience in freight forwarding and logistics both New Zealand and internationally. I might get a little bit wound up about stuff, a bit passionate about things, but I think you cant get so involved that you think about nothing else. As a young salesperson aged 19, I couldnt make a cold call. Our data indicates that Mainfreight Limited is worth NZ$4.0b, and total annual CEO compensation was reported as. Even Europe's ongoing economic turmoil fails to dampen Braid's optimism, despite the Kiwi logistics operator having spent more than $200 million buying a Netherlands-based freight firm earlier this year, giving it a European footprint for the first time in its more than three-decade history. Don: I think empathy is really important. He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. He knows where the company is going and, more importantly, how it will get there. Photo / Supplied . Alternatively, email editorial-team@simplywallst.com. Im sure that everyone on this video call will be wanting to shake hands and sit across the table and deal face to face because of the body language thing and being able to ask more questions, whereas the video is quite limiting. While many companies have been battening down the hatches this year, Mainfreight has been on the acquisition trail - purchasing a Netherlands-based freight business which operates in Belgium, France, Romania and Poland and Russia. Regionally, the NZ business saw an increase of 11.5% in profit before tax to $97.8m, though supply chain capacity into and from NZ remains congested, and the company is frustrated with international shipping lines". Our thoughts are with our members and their organisations impacted by Cyclone Gabrielle. Click on [Agree] or [Disagree] to accept or refuse cookies. You can follow him on Twitter, New tourism plan sidesteps immigration elephant, Mortgage arrears up as rates start to bite, Investors queue up ahead of Du Val liquidity events, Affordable housing levy sparks fear and loathing in Queenstown. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. Group managing director Don Braid said it was a significant result for the Mainfreight family, achieved during a tumultuous time in the worlds history and with success in every one of the five regions the company operated. While there was someone in the drivers seat, the computer took over the vehicle. So everything that we do is about being here for a long time. The company also noted Brexit issues between the UK and Europe remained a cause of frustration, particularly since January, resulting in considerable delays to freight on the back of more complicated customs formalities. Don has led the Mainfreight team through a significant period of change and expansion to become the successful global supply chain logistics provider it is today, with businesses operating in over 214 branches throughout New Zealand, Australia, Europe, Asia and the United States. Those people become good leaders early in the piece they might be only leading a couple of people by the time they make branch manager status but they understand the roles of leadership within Mainfreight. Don joined in 1994 and hes been on the board since 2000 and the CEO for a heck of a long time. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. Get in touch with us directly. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . The firm's shares have been one of the best performing stocks on the NZX, returning more than 20 per cent in the year to date. "We've been in China for 20 years. An unabashed promoter of New Zealand success, he has an extensive background in the banking industry in New Zealand and Australia, with senior management experience in marketing, strategic planning, retail services and business development. Ideal traits we want to see in leaders are integrity, being trustworthy and capable of bottom up decision-making, not top down. Whats interesting when you go into a pandemic or an event like this is what the balance sheet looks like. Mainfreight chief executive Don Braid says New Zealand needs to slash the number of its container ports to a 'maximum' of three to avoid being side-lined by major shippers.The 18-year veteran CEO of the NZX-listed multinational logistics company told a supply chain forum in Auckland on Wednesday that container cranes sitting at most of the It is our strong belief that the momentum we have will continue, and will develop at a faster pace than we have experienced in the past, thanks to our people, our network and our culture. [8], Headquartered in 's-Heerenberg, The Netherlands, Wim Bosman is privately held and operates more than 1,000 transport units, manage more than 275,000m2 of cross-docking facilities and warehouse area, and employ roughly 1,414 staff within 14 branches located in The Netherlands, Belgium, France, Romania, Poland, and Russia. A table of ten booking is available for $1000.00, subject to availability at the time of booking. Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. Zac: Don, what makes you good? You may withdraw your consent at any time. Theres no cross subsidies. As an example, we know what money weve made or lost last week in every single one of those 282 branches as of about half an hour ago. That was uppermost in our mind. Should it change? In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. Zac: Don, your 100-year vision how does that work? I could not get out of the car and go and meet a stranger to ask for the business and now I actually prefer to do that! Zac: Don, if you owned your own SME business at the moment, what would you be focusing on going forward to be as successful as you could be under this environment? The company now expects to spend an additional $338m for property over the next two years, with $156m of that during the current financial year. Things are changing a little bit and everyones suggesting that its all going to go to eCommerce. Mainfreight managing director Don Braid. "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. He points out that 172 million people live within a 350 km radius of Wim Bosman's headquarters in's-Heerenberg, on the Dutch-German border. Don: Well, the numbers never lie, right? Mainfreight is a truly brilliant organization who sees all staff and their Franchises businesses as friends not employees. Once we convinced them that they didnt need a time clock, they took to them with a sledgehammer. Zac: Aside from being in front of customers, what else do you spend your weeks focusing on as the global CEO of Mainfreight? Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. For us its about pushing the decision-making as close to the customer as possible, getting those people to make decisions rather than pushing them upstairs for someone else to make. Mainfreight will pay a discretionary bonus of $43.9 million, up 61% from last year's bonus of $27.3m, after a record result to March which saw net profit up by $40.1m to $188.1m. We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. Youve got to have good outlets. Brent is a senior reporter based in Queenstown. Richard Prebble is by profession a lawyer. Braid says the Mainfreight culture and passion took hold pretty quickly, and Plested recognised his leadership strengths by appointing him to the board six years later. I'm pleased I didn't do anything else.". "I think we're a better business because of adverse economic conditions, there's no doubt about that," he says. I will definitely be following the Mainfreight progress closely for when I return to NZ. | What are the things you do that maybe others dont do that actually make you lead this organization? His first job after leaving school was as a clerk with the Shipping Corporation before he moved on to Sea Freightways and then Daily Freightways, which was sold to Mainfreight in 1994. Plested says that within a few months of the firm's acquisition of Daily Freightways, which became Daily Freight under Mainfreight ownership, he came to recognise Braid's strengths. "It's just a little rule that we've had because if they [analysts] keep calling us a trucking company they clearly haven't done their research.". I think the only measure of whether weve got the culture right will be seen in the numbers and in the customer service. DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. Getting decisions made as close to the customer as possible is probably our secret and giving that responsibility to those in the branches. So it doesnt matter whether youre loading freight, taking customer service calls, out making sales calls, or an operations transport manager, you understand those disciplines early on in the piece. Nothing drives home the state of our roads like a trip on a bike. Although the pay is close to the industry median, overall performance is excellent, so we don't think the CEO is paid too generously. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence.
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